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In August 2002, a firm purchased a bulldozer $40,000. It was subsequently sold in January 2005 for $28,000. Assume that the firm has a
In August 2002, a firm purchased a bulldozer $40,000. It was subsequently sold in January 2005 for $28,000. Assume that the firm has a December 31 year end, the firm is in a 40% tax bracket, the CCA rate for the equipment is 30% and that there were no other assets in the class. CCA was claimed for 5 years. How much CCA was claimed in 2003? One of three questions on this topic. A 12,000 B 34,000 C 10,200 D 7,140 I A d B C a
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